BusinessWorld
July 30, 2021 | 10:48 am
AllBank (A Thrift Bank), Inc. announced today an exciting partnership with UnionPay International to boost financial inclusion in a digitally driven market. Through this collaboration, AllBank UnionPay cardholders now enjoy the convenience and efficiency of digital payments at popular merchants in The Philippines, and can even shop online in the comfort of their homes. As soon as international travel restrictions are gradually eased, AllBank UnionPay cardholders may simply bring and present their AllBank UnionPay debit cards, cash cards and/or prepaid cards to shop and/or withdraw cash in 180 countries and regions.
In line with its commitment to digitally modernizing banking products and services, AllBank recently launched its Electronic Know Your Customer (E-KYC) facility where customers can conveniently apply for cash cards / debit cards without physically completing bank forms in any AllBank branches. With this innovation, card application may be initiated using E-KYC via AllBank’s Mobile Banking Application that is readily available for download in both android and iOS mobile devices. AllBank commits to further enhance the features of its cards, and introduce contactless payment features through UnionPay’s QuickPass (contactless) payment facility.